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"A worker moving to a new town 30 years ago took a huge leap of faith about her new home and workplace. By making information more accessible, the Internet has
by nohuck13 13y ago
"A worker moving to a new town 30 years ago took a huge leap of faith about her new home and workplace. By making information more accessible, the Internet has improved the quality of any given move. As a result, Americans’ moves are stickier these days"
The implications of this are even more encouraging than they seem. Assuming that this explanation is true- that the Internet makes any given move less uncertain/higher expected quality for me - then I'm now more likely to move for marginal gains. I don't need as big a payoff to compensate for the chance it doesnt work out, because there's a smaller chance it doesn't work out. So we could have not only the same economic gain with fewer total moves (due to less bouncing around with failed moves) but also more people moving who wouldn't have before, i.e. net gain at a lower rate of moves.